2024-08-21 22:40:29
New Delhi: Bank results indicate not only the health of the economy but also the mood of foreign portfolio investors (FPIs). If FPIs become sellers, it affects the banking sector the most. On the contrary, if their stance is bullish, then banking stocks lead the rally. Economic Times has given a list of banking stocks quoting Stock Reports Plus. This list also includes the number of analysts evaluating each banking stock for the next 12 months. The report filtered those stocks where the potential upside is up to 65%. This list is ranked on the basis of the potential upside estimated by experts. Five major factors were focused on along with price targets of more than 4,000 listed stocks. These include earnings, fundamentals, relative valuation, risk and price momentum. Let us know here about those 9 bank stocks which can give 28-39% return in a year.
BankAverage ScoreRecommendationExpert CountUpside Potential%Institutional Share%Market Cap TypeMarket Cap (Rs. Crore)Jammu & Kashmir Bank6Strong Buy139.810.4Mid12,207Suryoday Small Finance Bank4Strong Buy139.523.6Small2,124Utkarsh Small Finance Bank7Strong Buy238.615.3Mid5,361Ujjivan Small Finance Bank9Buy1436.411.3Mid8,394South Indian Bank8Buy635.612.3Mid6,674CSB Bank9Buy335.218.3Mid5,580Union Bank of India6Buy1129.812.2Large95,878DCB bank8by1929.542.7small3,845indusind bank6by4228.136.7large107,591
Disclaimer: The suggestions given in this analysis are those of the individual analysts or broking companies, not of NBT. We advise investors to consult certified experts before making any investment decision as stock market conditions can change rapidly.